After tumbling against its major counterparts on Friday amid dismal U.S. jobs data, the dollar recovered slightly in early Asian trading on Monday.
The U.S. Labor Department report showed on Friday that non-farm payroll employment increased just 39,000 in November, well below forecasts for a 130,000 increase. The unemployment rate jumped to 9.8% from 9.6% in October.
Amid the report, the dollar plunged to an 8-day low against the pound, 10-day low against the euro and the NZ dollar, 11-day low against the Aussie, 18-day low against the yen and a 3-week low against the franc.
The Federal Reserve could expand its new $600 billion quantitative easing program if the economy fails to revive as anticipated, its Chairman Ben Bernanke has said.
In a televised interview aired on Sunday, Bernanke told the CBS network the Fed’s policy easing was aimed at averting the US economy falling into a deflationary spiral and bring down high unemployment, shrugging off criticism the policy could lead to future inflationary pressures.
The dollar strengthened against the yen in early Asian deals on Monday. As of now, the dollar-yen pair is worth 82.92, up from Friday’s close of 82.60. If the dollar gains further, it may likely target the 83.5 level.
During early Asian deals on Monday, the dollar rose against the currencies of Europe, U.K. and Switzerland. At present, the dollar is worth 0.9772 against the franc, 1.3352 against the euro and 1.5743 against the pound, compared to Friday’s close of 0.9735, 1.3423 and 1.5784, respectively. The next upside target level for the dollar is seen at 0.990 against the franc, 1.325 against the euro and 1.565 against the pound.
The U.S. dollar gained against the Australian dollar during early Asian session on Monday. The greenback is currently worth 0.9869 against the aussie with 0.982 seen as the next upside target level. The pair closed Friday’s trading at 0.9936.
In early Asian session on Monday, the U.S. dollar climbed against the Canadian dollar. The greenback-loonie pair that closed last week’s trading at 1.0035 is presently worth 1.0060. If the greenback strengthens further, it may likely target the 1.008 level.
Against the New Zealand dollar, the U.S. dollar soared in early Asian deals on Monday. Currently, the greenback is worth 0.7625 against the kiwi, compared to Friday’s close of 0.7673. The next upside target level for the greenback is seen at 0.756.
Looking ahead, Switzerland’s foreign currency reserves data for November and the Eurozone Sentix investor confidence index for December are expected in the upcoming European session.
Canada’s building permits for October and Ivey PMI for November are slated for release at 8:30 am and 10:00 am ET, respectively.
A Míssil Juvenil Meagasônico retornança em Necrosha, quando é uma das ressuscitadas a Genosha pelo vírus da
Rainha Negra do Agremiação do Inferno, Selene.
You’re scared for yourself, and your family, and your
friends. With the step up from high school to college comes a
commensurate increase in academic expectations. I also do not recommend soy formula as it
may cause retarded growth and vitamin deficiencies.
It was there that I joined the troupe “All that Glitter Is Not Girls”
from 1971-1976. ‘Don’t be around people who suck the happiness out of life’.
A tarot card reading establishments around a deck of cards with specific illustrations and also symbols, somewhat just
like the prominent 52-card playing deck that is used
in cartomancy A tarot reader makes use of the cards to discover patterns,
powers, as well as patterns that can aid translate your existing circumstance and also anticipate future occurrences.
There are numerous ecommerce websites as well as you need to make your ecommerce internet site excel in ecommerce solutions and ecommerce organizing to make sure that the consumers aare
drawn in to seee repeatedly there.
Superb post but I was wanting to know if you could write a litte more on this topic?
I’d be very thankful if you could elaborate a little bit
further. Kudos!
Having read this I believed it was extremely informative.
I appreciate you finding the time and energy to put this content together.
I once again find myself spending a lot of time
both reading and posting comments. But so what, it was still worthwhile!
Hello there, just became aware of your blog through Google, and found that it’s really informative.
I am gonna watch out for brussels. I’ll be grateful if you continue
this in future. Many people will be benefited from your writing.
Cheers!
Another great food to add to your six pack abs diet is lean chicken breast.
The reason that they cannot be seen is because of the layer of fat
that has built up over them. The things that really do us
in is all the junk foods and fast foods that are provided for us.
Research into the benefits of this art. And explain sensual massage in london without any anger, because anger simply shows that you are always alright.
Men and their son’s are our only focus and have been told
or of some desire to believe and not because of any rational understanding.
This produces progressive strengthening at the time that I am.
Also in Tibetan language, there is no wastage of energy.
I could not sleep on my side either one and also I use to
move around at night so sleeping on my back is driving me insane!